Published on 1/5/2018 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $9.71 million trigger gears linked to index basket
By Marisa Wong
Morgantown, W.Va., Jan. 5 – GS Finance Corp. priced $9.71 million of 0% trigger gears due Dec. 30, 2022 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
The basket consists of the Euro Stoxx 50 index with a 40% weight, the FTSE 100 index with a 20% weight, the Nikkei 225 index with a 20% weight, the Swiss Market index with a 7.5% weight, the S&P/ASX 200 index with a 7.5% weight and the Hang Seng index with a 5% weight.
The payout at maturity will be par of $10 plus 2.5 times any basket gain.
Investors will receive par if the basket falls by up to 20% and will be fully exposed to any losses if it finishes below its 80% downside threshold.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Trigger gears
|
| Underlying basket: | Euro Stoxx 50 index (40% weight), FTSE 100 index (20% weight), Nikkei 225 index (20% weight), Swiss Market index (7.5% weight), S&P/ASX 200 index (7.5% weight) and Hang Seng index (5% weight)
|
| Amount: | $9,706,690
|
| Maturity: | Dec. 30, 2022
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 250% of any basket gain; par if basket declines by 20% or less; if basket finishes below downside threshold, 1% loss per 1% decline
|
| Initial levels: | 3,550.17 for Euro Stoxx, 7,620.68 for FTSE, 22,911.21 for Nikkei 225, 9,430.44 for Swiss Market, 6,069.873 for S&P/ASX and 29,597.66 for Hang Seng
|
| Pricing date: | Dec. 27
|
| Settlement date: | Dec. 29
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 3.85%
|
| Cusip: | 36254F491
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
